Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia
Somalia: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 0.0043 million SLC per US$ of GDP in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia, 1970–2024
Source: Statizoid (derived). Measured in million SLC per US$ of GDP.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in Somalia stood at 0.0043 million SLC per US$ of GDP.
That represents a change of up 0.5% on the previous year and up 78.5% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Somalia peaked at 0.0133 million SLC per US$ of GDP in 1971 and was at its lowest, 0.0016 million SLC per US$ of GDP, in 2008.
That places Somalia 2nd out of 193 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia, year by year
| Year | million SLC per US$ of GDP | Change |
|---|---|---|
| 1970 | 0.013 million SLC per US$ of GDP | — |
| 1971 | 0.0133 million SLC per US$ of GDP | +2.3% |
| 1972 | 0.0118 million SLC per US$ of GDP | -11.0% |
| 1973 | 0.0096 million SLC per US$ of GDP | -18.7% |
| 1974 | 0.0082 million SLC per US$ of GDP | -14.8% |
| 1975 | 0.0072 million SLC per US$ of GDP | -12.6% |
| 1976 | 0.006 million SLC per US$ of GDP | -15.9% |
| 1977 | 0.012 million SLC per US$ of GDP | +99.9% |
| 1978 | 0.0112 million SLC per US$ of GDP | -7.1% |
| 1979 | 0.0102 million SLC per US$ of GDP | -8.2% |
| 1980 | 0.0107 million SLC per US$ of GDP | +4.1% |
| 1981 | 0.0086 million SLC per US$ of GDP | -19.4% |
| 1982 | 0.0089 million SLC per US$ of GDP | +3.6% |
| 1983 | 0.0078 million SLC per US$ of GDP | -13.0% |
| 1984 | 0.0082 million SLC per US$ of GDP | +5.2% |
| 1985 | 0.0097 million SLC per US$ of GDP | +19.5% |
| 1986 | 0.0103 million SLC per US$ of GDP | +5.6% |
| 1987 | 0.0104 million SLC per US$ of GDP | +1.4% |
| 1988 | 0.0071 million SLC per US$ of GDP | -31.7% |
| 1989 | 0.0077 million SLC per US$ of GDP | +7.5% |
| 1990 | 0.0086 million SLC per US$ of GDP | +12.6% |
| 1991 | 0.0117 million SLC per US$ of GDP | +35.3% |
| 1992 | 0.0106 million SLC per US$ of GDP | -9.3% |
| 1993 | 0.006 million SLC per US$ of GDP | -42.9% |
| 1994 | 0.0038 million SLC per US$ of GDP | -37.3% |
| 1995 | 0.0037 million SLC per US$ of GDP | -2.2% |
| 1996 | 0.0032 million SLC per US$ of GDP | -12.8% |
| 1997 | 0.0026 million SLC per US$ of GDP | -20.3% |
| 1998 | 0.002 million SLC per US$ of GDP | -22.5% |
| 1999 | 0.0021 million SLC per US$ of GDP | +6.3% |
| 2000 | 0.0019 million SLC per US$ of GDP | -10.2% |
| 2001 | 0.0032 million SLC per US$ of GDP | +66.1% |
| 2002 | 0.0032 million SLC per US$ of GDP | +1.0% |
| 2003 | 0.0025 million SLC per US$ of GDP | -21.7% |
| 2004 | 0.0019 million SLC per US$ of GDP | -24.4% |
| 2005 | 0.0016 million SLC per US$ of GDP | -14.6% |
| 2006 | 0.0016 million SLC per US$ of GDP | +1.8% |
| 2007 | 0.0016 million SLC per US$ of GDP | -3.3% |
| 2008 | 0.0016 million SLC per US$ of GDP | -1.9% |
| 2009 | 0.0034 million SLC per US$ of GDP | +116.6% |
| 2010 | 0.004 million SLC per US$ of GDP | +18.2% |
| 2011 | 0.004 million SLC per US$ of GDP | +1.0% |
| 2012 | 0.003 million SLC per US$ of GDP | -26.3% |
| 2013 | 0.0024 million SLC per US$ of GDP | -20.5% |
| 2014 | 0.0024 million SLC per US$ of GDP | +1.1% |
| 2015 | 0.0028 million SLC per US$ of GDP | +17.0% |
| 2016 | 0.003 million SLC per US$ of GDP | +6.8% |
| 2017 | 0.0031 million SLC per US$ of GDP | +3.0% |
| 2018 | 0.0035 million SLC per US$ of GDP | +14.8% |
| 2019 | 0.0036 million SLC per US$ of GDP | +1.5% |
| 2020 | 0.0036 million SLC per US$ of GDP | +0.4% |
| 2021 | 0.0034 million SLC per US$ of GDP | -4.7% |
| 2022 | 0.0042 million SLC per US$ of GDP | +22.2% |
| 2023 | 0.0042 million SLC per US$ of GDP | +1.2% |
| 2024 | 0.0043 million SLC per US$ of GDP | +0.5% |
Somalia compared with similar countries
- Somalia's 0.0043 million SLC per US$ of GDP is above the median for low income countries, which is 0.0001 million SLC per US$ of GDP, 49.7× the median. (23 countries reporting)
- Somalia's 0.0043 million SLC per US$ of GDP is above the median for Sub-Saharan Africa, which is 0 million SLC per US$ of GDP, 141.0× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +116.6% | 0.0016 million SLC per US$ of GDP | 0.0034 million SLC per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0102 million SLC per US$ of GDP | 0.006 million SLC per US$ of GDP | 0.0133 million SLC per US$ of GDP | 10 |
| 1980s | 0.0089 million SLC per US$ of GDP | 0.0071 million SLC per US$ of GDP | 0.0107 million SLC per US$ of GDP | 10 |
| 1990s | 0.0054 million SLC per US$ of GDP | 0.002 million SLC per US$ of GDP | 0.0117 million SLC per US$ of GDP | 10 |
| 2000s | 0.0022 million SLC per US$ of GDP | 0.0016 million SLC per US$ of GDP | 0.0034 million SLC per US$ of GDP | 10 |
| 2010s | 0.0032 million SLC per US$ of GDP | 0.0024 million SLC per US$ of GDP | 0.004 million SLC per US$ of GDP | 10 |
| 2020s | 0.0039 million SLC per US$ of GDP | 0.0034 million SLC per US$ of GDP | 0.0043 million SLC per US$ of GDP | 5 |
Countries ranked near Somalia
More economy & growth data for Somalia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.52 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 765.00 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 13.08 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0639 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 40.24 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -0.3355 % change on previous year (1989)
- Total reserves (includes gold, current US$), per unit of GDP 0.0196 includes gold, current US$ per US$ of GDP (1989)
- Total reserves (includes gold, current US$), per capita 3.25 includes gold, current US$ per person (1989)
- Total reserves minus gold (current US$), annual growth rate 0.6536 % change on previous year (1989)
Frequently asked questions
- What is gross fixed capital formation — value standard local currency, 2015 in Somalia?
- Gross fixed capital formation — value standard local currency, 2015 in Somalia was 0.0043 million SLC per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Somalia?
- The highest recorded value was 0.0133 million SLC per US$ of GDP in 1971.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Somalia?
- The lowest recorded value was 0.0016 million SLC per US$ of GDP in 2008.
- How does Somalia rank for gross fixed capital formation — value standard local currency, 2015?
- Somalia ranks 2nd out of 193 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Somalia?
- Over the last ten years it is up 78.5%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices ÷ GDP (current US$)
Computed from
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 Food and Agriculture Organization of the United Nations
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 prices divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.